MSC strengthens UK West Coast – East Med Service
GENEVA : Swiss/Italian box carrier MSC has extended its UK west coast – East Mediterranean service to the port of Greenock in Scotland. The service connecting Turkey with the UK West Coast and the
Hapag-Lloyd one step closer to 100% eBL adoption
HAMBURG : German container shipping giant Hapag-Lloyd has decided to adopt IQAX eBL to issue electronic bills of lading (eBL) over Global Shipping Business Network’s (GSBN) infrastructure. As explained, the decision reinforces Hapag-Lloyd’s commitment
DP World delivers its global beyond boundaries initiative to Africa
JOHANNESBURG : DP World, a global leader in smart end-to-end supply chain logistics, is proud to bring its Beyond Boundaries Initiative to the African continent for the first time. An event was at South
Kuehne+Nagel expands spare parts logistics for the automotive industry
BREMEN : As one of the leading logistics providers for the automotive industry, Kuehne+Nagel now manages a 170,000m² spare parts fulfilment and delivery centre in Wallersdorf, Germany. From this location, spare parts are
Attacks on Red Sea shipping forces 66% decline in Suez Canal traffic – ONS
NEW PORT : Shipping traffic through the vital Suez Canal artery in Egypt has plunged by 66% since cargo was forced to divert due to attacks on vessels by Houthis, according to official figures.
Baltic index down for 4th day as larger vessel rates dip
LONDON : The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fourth consecutive session on Thursday, pressured by lower rates for the larger vessel segments.
Dry Bulk shipping fundamentals seen improving moving forward : BIMCO
LONDON : We expect the supply/demand balance to strengthen in 2024 and weaken in 2025. Supply is estimated to grow by 2-3% in 2024 and 1.5-2.5% in 2025, while demand is projected to grow
“We must invest in resilient infrastructure today for a better tomorrow”: PM Modi
NEW DELHI : Emphasising the need for investment in resilient infrastructure, Prime Minister Shri Narendra Modi on Wednesday said that the focus should shift towards resilience in infrastructure once relief and rehabilitation are carried
Ashwini Vaishnaw said PM Modi guarantees to increase the capacity of Indian Railways in the next five years
NEW DELHI : Union Railways and IT Minister Shri Ashwini Vaishnaw said on Tuesday that in the next five years, Prime Minister Shri Narendra Modi guarantees that almost any passenger who wants to travel
CONCOR held discussions with CSLA
MUMBAI : Shri Sanjay Swarup, CMD, CONCOR, held discussions with the Container Shipping Lines Association (CSLA) in Mumbai on April 24,2024. The meeting was attended by CONCOR’s Area heads, field officers, as well as